I am trying to complete this acctg receivable project and I can not get my receivables to reach what the paperwork says it should, please help

ACCTG 211 BSBIC Receivables Assignment This assignment has a value of 5 points. Scenario: You are the Accountant for WanneBee Corporation WannaBee Corporation has $1,500,000 of Receivables on December 31, 2000. WannaBee uses the Allowance Method and historical data indicates that 7% of receivables become uncollectible. The end of year balance in the ADA is 0. The following are the 2000 end of year receivables. AR- Goodboy AR-BusyBody AR-DippyDo AR-MerryMen AR-CurlyCues AR-PrettyPenny $25,000 $75,000 $55,000 $145,000 $211,000 $109,000 AR-NannyNancy AR-AlphaBetCo AR-TipsyTurvy AR-HappyHart AR-MityMan AR-JumpingJax $250,000 $130,000 $98,000 $289,000 $47,000 $66,000 During 2001 the following events occurred: Goodboy defaulted. BusyBody declared bankruptcy but paid $19,000. DippyDo paid the account in full. MerryMen still owes $48,000. CurlyCues has not answered the phone for 8 months. PrettyPenny paid its account. NannyNancy paid $150,000 and on November 21 made a 120 note at 4% APR for the remainder. AlphaBetCo paid its account in full. TipsyTurvy has closed its business. HappyHart paid its bill. MityMan still owes its account. JumpingJax paid its bill and will not pay the rest. The Receivables balance at the end of the year is $2,235,000 Assignments: (1) Prepare the Required AJE for December 31, 2000. (2) Prepare the Required AJE for December 31, 2001. Page 1 WanneBee Corporation Journal Entries Date Particulars 12/31/2000 Accounts Receivable aje1 Allowance for doubtful bad debt Amount $ 1,500,000 Amount $ total receivables ADA 7% $ 1,500,000.00 $ 105,000.00 AR bal 1,500,000 aje3 48,000.00 aje4 47,000.00 aje5 101,333.33 Bad Debt aje1 105000 aje2 107000 bal 212000 1 3 6 13 14 105,000 1,696,333 bal Cash 19000 55000 97000 109000 150000 289000 33000 AR DippyDo 55000 55000 0 bal bal 4 bal AR Goodboy 25000 25000 0 1 bal AR MerryMen 145000 97000 5 bal 48000 48000 aje3 0 AR BusyBody 75000 19000 56000 0 AR CurlyCues 211000 211000 0 2 3 bal 6 bal 7 bal AR TipsyTurvy 98000 98000 14 bal 0 AR NannyNacy 250000 150000 8 bal AR Happy Hart 289000 289000 11 9 0 10 100000 105,000 2 4 5 7 8 11 12 ADA 25000 105000 aje1 AR PrettyPenny 56000 bal 109000 109000 211000 *NOT CLOSED AS BAD DEBT 0 33000 98000 212000 107000 107000 aje2 211000 9 100000 0 AR AlphaBetCo 130000 130000 0 bal AR MityMan 47000 47000 aje4 0 AR JumpingJax 66000 33000 12 33000 13 0 NR NannyNancy 100,000.00 1,333.33 101,333.33 101,333.33 aje5 0 bal Interest Revenue 1,333.33 10 5 WanneBee Corporation Journal Entries Date Particulars 12/31/2000 Accounts Receivable aje1 Allowance for doubtful bad debt Amount $ 1,500,000 Amount $ 105,000 total receivables ADA 7% $ 1,500,000.00 $ 105,000.00 bal 6 7 11 15 AR 1,500,000 211,000.00 48,000.00 101,333.33 107000 47000 Bad Debt aje1 105000 107000 1 3 17 13 ADA 25000 105000 aje1 56000 bal 33,000 98000 AR PrettyPenny 109000 109000 8 bal AR TipsyTurvy 98000 98000 13 bal 9 bal 10 AR Happy Hart 289000 289000 14 10 0 10 AR JumpingJax 66000 33000 16 33000 17 0 212000 105000 105,000 2,014,333.33 107000 107000 (220,666.67) 2 4 5 8 9 12 14 16 bal payments 19000 55000 97000 109000 150,000 130000 289000 33000 AR DippyDo 55000 55000 bal AR Goodboy 25000 25000 0 1 bal AR BusyBody 75000 19000 2 bal 56000 56000 3 AR NannyNacy 250000 150,000 100,000.00 100,000.00 0 4 bal AR MerryMen 145000 97000 48000 0 48000 5 bal 7 AR CurlyCues 211000 211000 0 6 bal AR AlphaBetCo 130000 130000 12 bal 0 AR MityMan 47000 47000 15 0 NR NannyNancy 100,000.00 1,333.33 101,333.33 101,333.33 11 0